Tokai Carbon : Thai Carbon Black Manufacturing Company Becomes Wholly Owned Subsidiary
August 30, 2017 at 11:08 pm EDT
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News Release 2017
August 22, 2017
Thai Carbon Black Manufacturing Company Becomes Wholly Owned Subsidiary
Tokai Carbon Co., Ltd. (the Company) made Thai Tokai Carbon Product Co., Ltd. (TCP), its consolidated subsidiary, a wholly owned subsidiary by acquiring additional 5% of TCP's shares.
Reasons for the acquisition of additional shares
TCP was founded by a joint venture of several Thai companies in 1989 as a company to manufacture and sell carbon black. In 1990, the Company concluded a technology licensing agreement with TCP, while acquiring 25% of its shares. The Company made TCP its subsidiary in 2000 and has acquired 95% of the shares of TCP.
By making TCP its wholly owned subsidiary through the additional acquisition of shares held by other companies this time, the Company will further strengthen business management and technological exchange on a consolidated basis in its efforts to improve quality and services in Southeast Asia where future growth is expected.
TCP overview
Name: Thai Tokai Carbon Product Co., Ltd.
Location: Bangkok, Thailand
Established: October 1989
Capital: 800 million baht
Business overview: Manufacturing and selling of carbon black
Acquisition date August 21, 2017
End of notice
Contact
Tokai Carbon Co., Ltd.
General Manager, Carbon Black Division Takashi Masaki
+81-3-3746-5114
Tokai Carbon Co. Ltd. published this content on 31 August 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 31 August 2017 03:07:03 UTC.
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Tokai Carbon Co., Ltd. is one of the Japanese leaders in manufacturing and marketing of coal and graphite products. The group is also producing industrial furnaces. Net sales break down by family of products as follows:
- coal and graphite products (69.6%): coal, graphite electrodes, special graphite and friction materials primarily for industrial, electronic, energy, automotive and mechanic applications;
- cathodes for smelting aluminum and furnace linings (18.1%);
- industrial furnaces and heating products (6.9%): for thermal processing of ceramic products, electronic components, metals, glasses, etc.;
- other (5.4%).
Net sales break down geographically as follows: Japan (24.6%), Asia (26.7%), the United States (26.5%), Europe (11.6%) and other (10.6%).
TOKAI CARBON CO., LTD. 
